Ozone Market Reports projects that the Submersible Pumps market size will grow from USD 10.68 Billion in 2017 to USD 14.90 Billion by 2023, at an estimated CAGR of 5.7%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

Industrial sector is expected to have the largest application for submersible pumps and is expected to have about 73% of the market share by year 2023. Major areas where the submersible pumps find applications in the industrial sector are in the wastewater, sewage treatment & other effluent management activities, draining out water from holes during mining & construction activities, dewatering purpose in case of flood and other related calamities, providing reliable source of water to process industries that requires continuous supply of water for operation and so on.

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Points Covered in The Report: The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023. The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail. Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.

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